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Old 22-06-2017, 17:50   #1
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Financing a Sailboat

Hello all,

Total rookie here.

In order for my credit union to give me a loan on a sailboat they will match the loan amount up next to the NADA guide for sailboats (much like a car). Even though I usually find this guide very inaccurate, I still use it to see about possible financing options for boats I am interested in. Normally, I cannot come to an agreement with the seller so I have yet to get to the financing part.

The reason I am posting is to ask a simple question: How do I find CSY sailboats on the NADA guide?
Many times I have noticed that some sailboats have obscure manufacturers names, but the research I have done into the Caribbean Sailing Yachts seems there is no other name this might be under.
The sailboat in question is here: 1979 CSY 33 Sail Boat For Sale - www.yachtworld.com

Can I get some assistance?

Thanks in advance!
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Old 22-06-2017, 18:01   #2
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Re: Financing a Sailboat

Does your CU from finance 1978 boat?
If so, good!
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Old 22-06-2017, 18:16   #3
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Re: Financing a Sailboat

Sorry typos, 1979
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Old 22-06-2017, 18:34   #4
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Re: Financing a Sailboat

Yes, they told me it doesn't matter the age, just the value. They view it similar to an RV.
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Old 22-06-2017, 18:55   #5
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Re: Financing a Sailboat

No other names for the CSY boats.
Only about 60 CSY 33s were made, a rare animal, no wonder it ain't in the NASA guides.

Several hundred were built of the larger models, 37s and 44s.
After CSY went TU somebody bought the molds and called them Antigua.

Surveyors and brokers have access to the actual selling price for most boats, perhaps a printout of the CSY 33 list would help your cause.

$28k for the boat in Sarasota with a new Diesel seems about right, not much in the way of equipment.
Check for blisters and check the rudder.
If original, the chain plates are due for replacement, or way overdue.
Strong boats that can take a licking, lots of room and storage.
If your credit union won't play ball, go to a boat finance place, Essex or somebody, maybe they will write a loan if the boat is surveyed and Documented.
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Old 19-10-2017, 00:02   #6
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Re: Financing a Sailboat

CSY 33s & 44s are great boats; strong, reasonably fast, seakindly & a pleasure to sail. I did a quick web search & found 5 CSY 33s with asking prices ranging from $39k - $76k; the pricier ones had lots of equipment. If you can get 1 for $28k (per CSY Man above), check it out carefully, but jump on it.
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